Business Overview

Own this established, Turnkey Columbus bar, with a great customer base, spacious Patio, Kitchen, walk in cooler and much more for $149,000 plus inventory. What makes this business opportunity even more attractive is the low rent of $1,329 per month. (The landlord has stated the rents will not change for the new owner.).

Fantastic rent, right?

Well, it gets even better. The current bar owner rents out the kitchen for $1,000 per month. The new bar owner could continue the kitchen rental, producing a net outlay for rent of only $329 per month.

This business holds a D1 & D3 liquor license. Closed on Sundays, however, there is a process where a Sunday license can be applied for.

The owner is confident that most, if not all of the 10 employees would continue to work for the new owner if the new owner wanted to keep them as employees.

Inside, there is everything you would expect in a bar with multiple TV’s, Karaoke machine, Keno, Juke Box, Pool table, darts, ATM and more. Behind the bar you have everything that makes a bar work with sinks, coolers, Ice machine and more. Plus a nine screen security system. The inside capacity is 62.

Outside, the Patio is a large “L” shape going 50 ft across and 45 ft deep. There is plenty of seating with a 20 ft. outdoor covered bar along with 6 outdoor tables and 30 outdoor chairs and stools. The outside capacity is 62.

Contact us with any questions about this great opportunity to own a turn key bar with super low rent.

Financial

  • Asking Price: $149,000
  • Cash Flow: N/A
  • Gross Revenue: $102,153
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1987

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Inside, there is everything you would expect in a bar with multiple TV’s, Karaoke machine, Keno, Juke Box, Pool table, darts, ATM and more. Behind the bar you have everything that makes a bar work with sinks, coolers, Ice machine and more. Plus a nine screen security system. The inside capacity is 62. Outside, the Patio is a large “L” shape going 50 ft across and 45 ft deep. There is plenty of seating with a 20 ft. outdoor covered bar along with 6 outdoor tables and 30 outdoor chairs and stools. The outside capacity is 62.

Is Support & Training Included:

Seller to provide training to ensure a smooth transition to new owner.

Purpose For Selling:

Other Business Interests.

Additional Info

The company was established in 1987, making the business 35 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell operating businesses. Nonetheless, the real reason vs the one they say to you may be 2 entirely different things. As an example, they may say "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be reasons to attempt to conceal the reality of altering demographics, increased competition, recent reduction in earnings, or a range of other reasons. This is why it is really crucial that you not rely absolutely on a seller's word, however rather, make use of the vendor's response along with your general due diligence. This will paint a much more sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Lots of businesses borrow money so as to cover things like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that revenue margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be satisfied or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in new customers? Most times, operating businesses have repeat customers, which develop the core of their everyday revenues. Particular aspects such as brand-new competitors sprouting up around the area, roadway building and construction, as well as personnel turnover can impact repeat consumers as well as negatively affect future earnings. One vital point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the possibility to build a returning client base. A final thought is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Just how might the neighborhood mean household income influence future revenue potential?